Stagflation (noun)

A situation characterized by a stagnant economy and high inflation, often resulting in high unemployment and low economic growth.

Origin:

Derived from the words "stagnation" which means a lack of growth or progress and "inflation" which refers to a persistent increase in the general price level of goods and services.

Examples:

1. The country was experiencing stagflation and the government struggled to find a solution.
2. Stagflation was a major concern during the 1970s as inflation and unemployment both rose.
3. The stagflation crisis hit the country hard, and the government was forced to take drastic measures.
4. The stagflation was caused by a combination of rising oil prices and poor economic policies.
5. The country's economy was facing stagflation, characterized by high inflation and unemployment, stagnant economic growth and a decrease in production and trade.